EX-99.1
Published on December 15, 2010
Exhibit 99.1
3700 Glenwood Ave., Ste. 530 Raleigh, NC 27612 |
TRIANGLE CAPITAL CORPORATION ANNOUNCES COMMON
STOCK LISTING TRANSFER TO NEW YORK STOCK
EXCHANGE
STOCK LISTING TRANSFER TO NEW YORK STOCK
EXCHANGE
RALEIGH, NC December 14, 2010, Triangle Capital Corporation (NASDAQ: TCAP)
(Triangle or the Company), a leading specialty finance company that provides
customized financing solutions to lower middle market companies located throughout
the United States, today announced that it has completed the application process and
has been authorized to transfer the listing of its common stock to the New York
Stock Exchange (NYSE). Triangle expects to begin trading on the NYSE under its
current ticker symbol TCAP on Wednesday, December 29, 2010. Until that time,
Triangles common stock will continue to trade on the Nasdaq Global Select Market.
In celebration of the transfer, representatives from Triangle will ring the NYSE
Opening Bell at 9:30am EST on December 29, 2010.
About Triangle Capital Corporation
Triangle Capital Corporation (www.TCAP.com) is a specialty finance company organized
to provide customized financing solutions to lower middle market companies located
throughout the United States. Triangles investment objective is to seek attractive
returns by generating current income from debt investments and capital appreciation
from equity related investments. Triangles investment philosophy is to partner
with business owners, management teams and financial sponsors to provide flexible
financing solutions to fund growth, changes of control, or other corporate events.
Triangle typically invests $5.0 million $15.0 million per transaction in companies
with annual revenues between $20.0 million and $100.0 million and EBITDA between
$3.0 million and $20.0 million.
Triangle has elected to be treated as a business development company under the
Investment Company Act of 1940 (1940 Act). Triangle is required to comply with a
series of regulatory requirements under the 1940 Act as well as applicable NASDAQ,
federal and state laws and regulations. Triangle has elected to be treated as a
regulated investment company under the Internal Revenue Code of 1986. Failure to
comply with any of the laws and regulations that apply to Triangle could have a
material adverse effect on Triangle and its stockholders.
Forward Looking Statements
This press release may contain forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any such statements, other than
statements of historical fact, are likely to be affected by other unknowable future
events and conditions, including elements of the future that are or are not under
the Companys control, and that the Company may or may not have considered;
accordingly, such
statements cannot be guarantees or assurances of any aspect of future performance.
Actual developments and results are highly likely to vary materially from these
estimates and projections of the future and some of these uncertainties are
enumerated in Triangles filings with the Securities and Exchange Commission.
Certain factors that could cause actual results to differ materially from those
contained in the forward-looking statements are included in our annual reports on
Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, each as
filed with the Securities and Exchange Commission. Copies are available on the SECs
website at www.sec.gov. Such statements speak only as of the time when made, and the
Company undertakes no obligation to update any such statement now or in the future.
Contacts
Sheri Blair Colquitt
Vice President, Investor Relations
919-719-4784
scolquitt@tcap.com
Vice President, Investor Relations
919-719-4784
scolquitt@tcap.com
Steven C. Lilly
Chief Financial Officer
919-719-4789
slilly@tcap.com
Chief Financial Officer
919-719-4789
slilly@tcap.com
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